16733 E Hammon St · Conroe, TX 77316

$153,900

3 bd · 2.0 ba · 1,000 sqft · SingleFamily · 134 Days on market

Built 2025 Good condition 2,100 sqft lot $154/sqft · 10% below area Est $172k · 10% under $32/mo HOA · 2% of rent ↓ 5% since listing

---

Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.8/30.0
• ARV discount +12.2/15.0
• DSCR +7.0/10.0
• 1% rule +6.0/10.0
• Schools +5.4/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

//New construction// This beautiful single story 3 bedroom 2 bath home features an open floor plan, high ceilings, quartz counters, kitchen island, self closing drawers/cabinets, 42" upper cabinets, pot filler, great walk-in-pantry and stainless steel package. Ample primary bedroom with private bath, tray ceiling and large walk-in closet. The primary bath boasts a walk in shower with glass enclosure and vanity with quartz counter tops. Secondary bathroom has a tub/shower. Living room and bedrooms come with ceiling fans and all floors are wood look ceramic tiling. All these features and amenities at a very affordable price. Subdivision is across from Lake Conroe and all the great shopping, dining and water activities. Home comes front covered porch, fenced backyard, stainless fridge, washer and dryer. Don't miss out on this special.

Key facts

• Open floor plan
• Private bath
• Kitchen island

Tags

• OPEN FLOOR PLAN
• KITCHEN ISLAND
• WALK-IN PANTRY
• PRIVATE BATH
• WALK IN SHOWER
• FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $154k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $240 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $154k).
• Recommended offer: $135k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 3.1% in Conroe — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#169 in TX, #4,447 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, amenities B; Watch: schools D+, commute F, health & safety F.
• Montgomery ISD (rural): math 63% / reading 57% proficiency, ranked #49 of 826 in TX (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 2283 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 13,259 units permitted in Montgomery County in 2024 (1,402 in 5+ unit buildings).
• This rent is only 16% of the median local income ($124k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Montgomery County population projected at +65% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($135k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,432 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 8.17%
• Cash-on-cash: 6.70%
• DSCR: 1.30
• GRM: 7.6

CMA / ARV

• ARV (median comp): $171,836
• List price: $153,900
• Delta: -10.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16900 West Juneau	0.13mi	3/2.0	1,014 (+1%)	1mo	$153,000	$151	91
16725 E Hammon	0.01mi	3/2.0	958 (-4%)	4mo	$169,900	$177	89
16729 E Hammon	0.01mi	3/2.0	1,072 (+7%)	4mo	$177,900	$166	84
16891 W Dounreay St	0.17mi	3/2.0	1,030 (+3%)	5mo	$161,900	$157	83
16895 W Dounreay St	0.18mi	3/2.0	1,030 (+3%)	5mo	$161,900	$157	82
16899 W Dounreay St	0.18mi	3/2.0	1,030 (+3%)	6mo	$161,900	$157	82
16930 W Lynbrook St	0.20mi	3/2.0	1,030 (+3%)	5mo	$161,900	$157	82
241 Ridgeside	0.31mi	3/2.0	1,012 (+1%)	4mo	$160,000	$158	80
16965 W Hammon	0.22mi	3/2.0	1,065 (+6%)	1mo	$180,000	$169	78
16902 W Alderson	0.25mi	3/2.0	1,058 (+6%)	2mo	$179,900	$170	77
16938 W Lynbrook St	0.22mi	3/2.0	940 (-6%)	5mo	$157,900	$168	76
846 Omeara	0.24mi	3/2.0	1,095 (+10%)	2mo	$170,000	$155	72

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.4% rent growth · sell at horizon

5-year hold

• IRR: -9.0%
• Equity multiple: 0.68×
• Total profit: $-13,892
• Equity at exit: $22,947

10-year hold

• IRR: -3.6%
• Equity multiple: 0.79×
• Total profit: $-8,992
• Equity at exit: $13,306

Cash invested: $43,092 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 77316

• Home prices YoY: -10.7%
• Rents YoY: 0.4%
• Active inventory: 2283
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,691 high
• Mortgage (P&I): −$807
• Tax est. 1.5%: −$192 /mo · $2,308/yr
• Insurance: −$64
• HOA: −$32
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $240

Break-even live

Break-even rent $1,387

Max offer price $153,900

Occupancy floor 81%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,475
• Closing costs: $4,617
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16928 Kempwood Montgomery, TX	3.0	2.0	1100	$1,450	$1.32	43d	1	0.20mi
16915 Balmoral Montgomery, TX	3.0	2.0	1200	$1,200	$1.00	43d	1	0.23mi
16967 W Ivanhoe Montgomery, TX	3.0	2.0	1012	$1,350	$1.33	12d	1	0.24mi
15 April Vlg Montgomery, TX	2.0	2.0	1218	$1,650	$1.35	43d	1	0.66mi
1050 S Pine Lake Rd Montgomery, TX	2.0	2.0	1052	$1,845	$1.75	24d	1	0.71mi
298 Capetown Way Unit A Montgomery, TX	2.0	1.5	1100	$1,400	$1.27	43d	1	0.85mi
124 April Point Dr S #124 Montgomery, TX	2.0	1.0	1300	$1,490	$1.15	20d	1	1.07mi

HOA detail

• Monthly dues: $32 · $384/yr
• Likely covers: water

Listing history 20 events

1. 2026-06-18
   days on market $153,900 Active 134 DOM
2. 2026-06-17
   days on market $153,900 Active 133 DOM
3. 2026-06-16
   days on market $153,900 Active 132 DOM
4. 2026-06-15
   days on market $153,900 Active 131 DOM
5. 2026-06-13
   days on market $153,900 Active 129 DOM
6. 2026-06-13
   days on market $153,900 Active 128 DOM
7. 2026-06-09
   days on market $153,900 Active 125 DOM
8. 2026-06-08
   pricedays on market $153,900 Active 124 DOM
9. 2026-06-07
   days on market $154,900 Active 123 DOM
10. 2026-06-04
    days on market $154,900 Active 120 DOM
11. 2026-06-03
    days on market $154,900 Active 119 DOM
12. 2026-06-02
    days on market $154,900 Active 118 DOM
13. 2026-06-01
    days on market $154,900 Active 117 DOM
14. 2026-05-31
    pricedays on market $154,900 Active 116 DOM
15. 2026-05-18
    price $155,900 850-char remark

    Show marketing remark (850 chars)

    //New construction// This beautiful single story 3 bedroom 2 bath home features an open floor plan, high ceilings, quartz counters, kitchen island, self closing drawers/cabinets, 42" upper cabinets, pot filler, great walk-in-pantry and stainless steel package. Ample primary bedroom with private bath, tray ceiling and large walk-in closet. The primary bath boasts a walk in shower with glass enclosure and vanity with quartz counter tops. Secondary bathroom has a tub/shower. Living room and bedrooms come with ceiling fans and all floors are wood look ceramic tiling. All these features and amenities at a very affordable price. Subdivision is across from Lake Conroe and all the great shopping, dining and water activities. Home comes front covered porch, fenced backyard, stainless fridge, washer and dryer. Don't miss out on this special.

16. 2026-05-04
    price $157,900 850-char remark

    Show marketing remark (850 chars)

    //New construction// This beautiful single story 3 bedroom 2 bath home features an open floor plan, high ceilings, quartz counters, kitchen island, self closing drawers/cabinets, 42" upper cabinets, pot filler, great walk-in-pantry and stainless steel package. Ample primary bedroom with private bath, tray ceiling and large walk-in closet. The primary bath boasts a walk in shower with glass enclosure and vanity with quartz counter tops. Secondary bathroom has a tub/shower. Living room and bedrooms come with ceiling fans and all floors are wood look ceramic tiling. All these features and amenities at a very affordable price. Subdivision is across from Lake Conroe and all the great shopping, dining and water activities. Home comes front covered porch, fenced backyard, stainless fridge, washer and dryer. Don't miss out on this special.

17. 2026-04-27
    price $158,900 850-char remark

    Show marketing remark (850 chars)

    //New construction// This beautiful single story 3 bedroom 2 bath home features an open floor plan, high ceilings, quartz counters, kitchen island, self closing drawers/cabinets, 42" upper cabinets, pot filler, great walk-in-pantry and stainless steel package. Ample primary bedroom with private bath, tray ceiling and large walk-in closet. The primary bath boasts a walk in shower with glass enclosure and vanity with quartz counter tops. Secondary bathroom has a tub/shower. Living room and bedrooms come with ceiling fans and all floors are wood look ceramic tiling. All these features and amenities at a very affordable price. Subdivision is across from Lake Conroe and all the great shopping, dining and water activities. Home comes front covered porch, fenced backyard, stainless fridge, washer and dryer. Don't miss out on this special.

18. 2026-03-11
    price $159,900 850-char remark

    Show marketing remark (850 chars)

    //New construction// This beautiful single story 3 bedroom 2 bath home features an open floor plan, high ceilings, quartz counters, kitchen island, self closing drawers/cabinets, 42" upper cabinets, pot filler, great walk-in-pantry and stainless steel package. Ample primary bedroom with private bath, tray ceiling and large walk-in closet. The primary bath boasts a walk in shower with glass enclosure and vanity with quartz counter tops. Secondary bathroom has a tub/shower. Living room and bedrooms come with ceiling fans and all floors are wood look ceramic tiling. All these features and amenities at a very affordable price. Subdivision is across from Lake Conroe and all the great shopping, dining and water activities. Home comes front covered porch, fenced backyard, stainless fridge, washer and dryer. Don't miss out on this special.

19. 2026-02-24
    price $161,900 850-char remark

    Show marketing remark (850 chars)

    //New construction// This beautiful single story 3 bedroom 2 bath home features an open floor plan, high ceilings, quartz counters, kitchen island, self closing drawers/cabinets, 42" upper cabinets, pot filler, great walk-in-pantry and stainless steel package. Ample primary bedroom with private bath, tray ceiling and large walk-in closet. The primary bath boasts a walk in shower with glass enclosure and vanity with quartz counter tops. Secondary bathroom has a tub/shower. Living room and bedrooms come with ceiling fans and all floors are wood look ceramic tiling. All these features and amenities at a very affordable price. Subdivision is across from Lake Conroe and all the great shopping, dining and water activities. Home comes front covered porch, fenced backyard, stainless fridge, washer and dryer. Don't miss out on this special.

20. 2026-02-04
    listed $164,900 Active 850-char remark

    Show marketing remark (850 chars)

    //New construction// This beautiful single story 3 bedroom 2 bath home features an open floor plan, high ceilings, quartz counters, kitchen island, self closing drawers/cabinets, 42" upper cabinets, pot filler, great walk-in-pantry and stainless steel package. Ample primary bedroom with private bath, tray ceiling and large walk-in closet. The primary bath boasts a walk in shower with glass enclosure and vanity with quartz counter tops. Secondary bathroom has a tub/shower. Living room and bedrooms come with ceiling fans and all floors are wood look ceramic tiling. All these features and amenities at a very affordable price. Subdivision is across from Lake Conroe and all the great shopping, dining and water activities. Home comes front covered porch, fenced backyard, stainless fridge, washer and dryer. Don't miss out on this special.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,294
• − Mortgage interest: −$8,621
• − Property taxes: −$2,308
• − Insurance: −$770
• − Repairs & maintenance: −$1,623
• − Management: −$1,623
• − HOA: −$384
• − Depreciation: −$4,477
• Taxable income: $487
• Est. tax owed @ 24.0%: −$117
• After-tax cash flow: $2,768/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 3 photos

Good 80/100 None rehab

This new construction single-story home offers a modern open floor plan with high ceilings and stainless steel appliances. It is move-in ready with minimal maintenance required.

Value-add opportunities

• Both Paint exterior and interior — Enhances curb appeal and interior aesthetics
• Both Install smart home devices — Improves convenience and marketability
• Both Add smart thermostat — Saves energy and appeals to tech-savvy buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Install smart home devices — Improves convenience and marketability ↑
• Both Add smart thermostat — Saves energy and appeals to tech-savvy buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Montgomery ISD
• NCES district ID: 4831260
• Math proficiency: 63% ▼ -3.00%
• Reading proficiency: 57% ▼ -3.00%
• Median HH income: $75,596
• Composite: 53.55/100
• National rank: #1445
• State rank: #49 of 826 in TX

Livability — Conroe

• Score: 74/100
• State rank: #169
• US rank: #4447

Category grades

Amenities B Commute F Cost of living A+ Crime B- Employment B- Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Montgomery County · 663,713 people
• City population: 205,417
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 34,694
• Household income: $124,055
• Rent vs Own: 10.9% rent · 89.1% own
• Severe rent burden: 273.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 713,896 people
• By 2030: 805,263 · +12.8%
• By 2040: 992,708 · +39.1%
• By 2050: 1,179,590 · +65.2%
• By 2075: 1,628,084 · +128.1%
• By 2100: 1,937,880 · +171.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 14% Two or more races 11% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 6% Slovak 3% Romanian 3%
• Foreign-born: 6% · Canada
• Languages at home: 90% English-only · Spanish 8%

Political lean MEDSL · Montgomery

• 2024 margin: Solid R (+45.5) · D 26.8% · R 72.3%
• 2008→2024 swing: +7.2pp toward D · 2008: -52.7pp · 2024: -45.5pp
• All cycles: 2024: R+45.5 2020: R+43.8 2016: R+51.4 2012: R+60.7 2008: R+52.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.44%
• Current HPI: 262.6973
• Rent YoY: ▲ 0.40%
• Metro: Houston-The Woodlands-Sugar Land, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-5.5% since first listed

6 events — show timeline

• 2026-05-18 Price Changed $155,900 HARMLS
• 2026-05-04 Price Changed $157,900 HARMLS
• 2026-04-27 Price Changed $158,900 HARMLS
• 2026-03-11 Price Changed $159,900 HARMLS
• 2026-02-24 Price Changed $161,900 HARMLS
• 2026-02-04 Listed $164,900 HARMLS